HomeMy WebLinkAboutResolution No. 2002-72RESOLUTION NO. 2002-72
BEING A RESOLUTION APPROPRIATING AND DESIGNATING FUND BALANCES
WHEREAS, the City of Columbia Heights has accumulated fund balances in the General Fund, Economic
Development Authority Fund, Special Project Revenue Fund, and the Housing & Redevelopment Authority Fund
for the purpose of funding future redevelopment projects within the City and,
WHEREAS, these funds would be more appropriately accounted for in a separate fund designated for the
purpose in which these funds were accumulated, and,
WHEREAS, the City has established a high priority of redevelopment projects in Columbia Heights, and the
Section 8 Housing program has been closed out and transferred to Metro Housing & Redevelopment Authority,
and,
WHEREAS, this transfer resulted in a non-funded deficit in the Section 8 program
NOW, THEREFORE, BE IT RESOLVED that the following transfers be made and appropriated for future
development costs and to cover the Section 8 fund deficits.
Transfers from the following funds:
204 Economic Development Authority
226 Special Project Revenue
299 Housing & Redevelopment Authority
Total Community Development Funds
100,000
280,000
130,877
510,877
101
2002 General Fund
Tax Levy for Development
Total transfers out:
300,000
810,877
Transfers to the following funds:
205 Section 8
420 Capital Improvement Development
Total transfers in:
85,877
725,000
810,877
Passed this 16th day of December, 2002
Offered by:
Seconded by:
Roll Call:
Attest:
P~(trlci~ Muscovitz, Deputy Cit~/Clerk
Nawrocki
Ayes: Peterson, Szurek, Wyckoff, Williams, Nawroc '
3nay-/g Gar . Pit'son